Lazard World Dividend & Income Fund Declares Monthly Distribution

The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the
“Fund”) (NYSE:LOR) has authorized the Fund to declare today,
pursuant to a level distribution policy, a monthly distribution of
$0.07409 per share on the Fund’s outstanding common stock. The
distribution is payable on July 23, 2018 to shareholders of record on
July 12, 2018. The ex-dividend date is July 11, 2018.

Portfolio data as of May 31, 2018, including performance, asset
allocation, top 10 holdings, sector weightings, regional exposure, and
other Fund characteristics have been posted on Lazard Asset Management’s
(“LAM”) website, www.LazardAssetManagement.com.
Additionally, any notices required by Section 19(a) of the Investment
Company Act of 1940, as amended, which provide information regarding the
respective estimated amounts of each monthly distribution derived from
net investment income, net realized capital gains (short- and long-term)
and return of capital, will also be available on www.LazardAssetManagement.com.

The Fund’s objective is total return through a combination of dividends,
income, and capital appreciation. The Fund’s net assets are invested in
a portfolio of approximately 60 to 90 world equity securities,
consisting primarily of stocks selected from the current holdings of
other accounts managed by LAM. The equity portfolio is broadly
diversified in both developed and emerging market countries and across
the capitalization spectrum. The Fund seeks enhanced income by investing
in short duration (typically less than one year) emerging market forward
currency contracts and other emerging market debt instruments.

An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the Fund’s
investment manager, offers a range of equity, fixed-income, and
alternative investment products worldwide. As of March 31, 2018, LAM and
affiliated asset management companies in the Lazard Group managed $252
billion worth of client assets. For more information about LAM, please
go to www.LazardAssetManagement.com.

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